DIVO Was the Quality-Income Pick. Its International Twin Yields 5.6% and Beat It by 5 Points

IDVO outperformed DIVO by 5 points year-to-date and 10 points over 12 months, while offering a higher yield of 5.6% compared to DIVO's mid-4s payout. European banks, Japanese financials, and Canadian institutions have a higher share of earnings payouts, giving IDVO's fund a structural yield advantage over US mega-caps. For income investors, holding the fund in an IRA or Roth account is recommended to maximize the yield advantage, as foreign withholding taxes and IDVO's 105% payout ratio can cut into the yield advantage.

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